This article mentions
how the co-CEOs of Chipotle, Steve Ells and Monty Moran, had their pay checks
cut in half compared to their last year pay checks. This was because they are
not going to get awarded any money from their stocks. Earlier last year there
was a huge outbreak that involved about 14 Chipotle’s restaurants. Chipotle had
to close some of their restaurants because they said that these restaurants may
have had E. coli. These news really affected their stock market and their
shares lost about 30 percent of their value. Therefore, the head executives are
not going to get any compensation from their stocks until stocks prices reach
above $700. The article also mentioned that these executives were getting an
excessive amount of compensation that 10 times more that the median for any
other company. I think that it is unfair for the CEOs to get their paychecks
cut in half because their stocks prices went down. However, knowing that they
have been earning more than the average executives for the past few years makes
it more acceptable.
Link: https://finance.yahoo.com/news/chipotle-ceos-insanely-high-pay-133137242.html#
I thought that this article was very interesting because I have mixed feelings on if their pay checks should be cut in half or not. on one hand they did have their company stock fall a lot but was that really their fault so im not sure what the right thing to do about their wages is.
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